Reported 1 day ago
In April, Tesla's sales of China-made electric vehicles fell by 6% year-on-year, marking the seventh consecutive month of decline. Deliveries of Model 3 and Model Y reached 58,459 units, down 25.8% from March, as competition from Chinese brands intensifies and the company faces challenges in Europe due to CEO Elon Musk's political stance. Tesla is working to mitigate these losses by targeting new markets like India and Saudi Arabia while also gearing up to produce a lower-cost version of the Model Y to maintain its market position.
Source: YAHOO